Fannie Mae, Freddie Mac bailouts could hit $363 billion, report says

[AlphaCentauri]

Source: LAT

That figure, projected through 2013, represents a worst-case scenario that assumes a double-dip recession, the Federal Housing Finance Agency says. The finance giants have so far received about $148 billion in taxpayer funds.
Reporting from Washington — The taxpayer bailouts of housing finance giants Fannie Mae and Freddie Mac could cost as much as $363 billion through 2013, according to government projections released Thursday.

The Federal Housing Finance Agency, which has regulated the former government-sponsored enterprises since they were seized during the financial crisis in 2008, said the figure was based on the worst of three scenarios for the economy and housing market that assumes a "deeper second recession."

Under the best-case scenario, which would be a "stronger near-term recovery" in housing prices, the bailouts of Fannie and Freddie would reach $221 billion. The third scenario, in which housing prices continue on their current projections, would result in the combined bailouts reaching $238 billion.



Read more: http://www.latimes.com/business/la-fi-fannie-freddie-bailouts-20101022,0,5250999.story

[AngryAmish]

1. How much was the AIG bailout worth and how much are we getting back?

[ozone_man]

2. Probably will be trillions by the time we reach bottom.

The government should not be in the mortgage business.

[The Northerner]

3. They should've never been bailed out initially